FOCUS 21
Interview with Claudio Descalzi, COO OF eni’s E&P DIVISION eni in Africa be &yond © 2014 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member fi rm of the KPMG network of independent member fi rms affi liated with KPMG International Cooperative, a Swiss entity. All rights reserved.
Claudio Descalzi, COO of eni’s E&P division, tells Sylvia Pfeifer, former Special Correspondent for The Financial Times, how his company has dealt with the challenges of working in Africa, and explains why he’s so optimistic about the future of African oil and gas.
T
he potential of Africa for oil and gas producers is no secret. Energy production across the continent is forecast to grow by 40 percent by 2030. But it is not a market for the
faint-hearted; infrastructure problems, social and political unrest and, most recently, the Arab Spring uprising in North Africa, makes the continent one of the most unpredictable and challenging in the world.
Anyone searching for guidance on what to expect from the oil and gas sector in Africa could do no better than look to Italy’s eni, currently the biggest foreign producer on the continent. It is also one of the longest serving multinationals in the region. eni has had a presence in Africa since 1954 and currently employs over 8,000 people there. At the end of 2013 it announced plans to invest US$28 billion in Africa over the next four years, including 140 new wells and major projects in deep water Nigeria, Ghana and Mozambique.
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